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Saudi Aramco finalizes investment decision: will develop large-scale refining and chemical integration projects in China
Time of Update: 2022-04-24
The combined unit, located in Panjin, Liaoning Province, China, includes a crude oil processing capacity of 300,000 barrels per day and an ethylene steam cracker, which is expected to start operations in 2024 .
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Australia's Macquarie Group to launch offshore wind business
Time of Update: 2022-04-24
The new business, Corio Generation, will become part of Macquarie Green Investment Group (GIG) and will have a global project pipeline of 15 GW, one of the largest in the world, the company said .
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ExxonMobil plans to build hydrogen and CCS facility in Texas
Time of Update: 2022-04-23
5 billion cubic feet per day of hydrogen, while also having more than 30 years of experience in capturing and storing carbon dioxide .
Over the next six years, the company plans to invest more than $15 billion in initiatives to reduce emissions .
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U.S. gasoline prices hit 10-year high
Time of Update: 2022-04-22
gasoline prices have climbed to their highest level in nearly 10 years, according to data compiled by Anadolu Agency .
837 a gallon, the highest level since September 2012, according to the American Automobile Association (AAA) .
The average gasoline price rose 3.
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Santos and SK launch CCS project in Australia
Time of Update: 2022-04-22
Accordingly, the parties agreed to jointly develop CCS projects in Australia and the region, including Bayu-Undan in East Timor .
The CCS at Bayu-Undan will have the potential to store around 10 million tonnes of carbon dioxide per year .
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Arkema completes acquisition of Ashland's performance adhesives business
Time of Update: 2022-04-22
The high-performance adhesives business has approximately 330 employees, 6 production platforms, mainly in North America, and 2021 sales are expected to be approximately $360 million, with an EBITDA (before interest, tax, depreciation and amortization) margin in excess of 25% .
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Ruike provides methanol synthesis catalysts for Iranian companies
Time of Update: 2022-04-21
(Photo courtesy of the company) Sinochem News recently reported that Iran's ZPC company has successfully applied China's RK-05 methanol synthesis catalyst for its methanol plant with a daily output of 5,000 tons .
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KBR to support Shell in hydrogen liquefaction
Time of Update: 2022-04-21
" In addition, KBR prides itself on being a leader in the energy transition industry for many years, providing customers with technology and professional services that support decarbonization .
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U.S. crude prices jump to highest since 2013
Time of Update: 2022-04-21
crude oil prices climbed to their highest level since 2013 in overnight trading on Tuesday .
Brent, the global benchmark, topped $110 a barrel as crude prices continued to soar .
Brent crude, the global benchmark, rose 5.
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DSM expands production of high-performance materials in China
Time of Update: 2022-04-21
On February 24, DSM Engineering Materials announced the expansion of its high-performance materials production capacity at its Jiangyin plant in Jiangsu .
In addition to increasing the production capacity of related materials, the expansion project will have no increase in greenhouse gas (GHG) emissions at launch and will be powered by 100% renewable electricity .
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The construction industry standard compiled by Nippon Paint was released
Time of Update: 2022-04-21
Nippon State Building Energy Conservation Division participated in the preparation of standards, and provided technical support and professional advice in several professional fields ranging from painting systems, external wall thermal insulation products to external wall thermal insulation and energy-saving systems .
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Mitsui Hong Seng builds nitrile latex production plant
Time of Update: 2022-04-21
Recently, Mitsui Corporation and Malaysia's Hong Seng Group signed a letter of intent to jointly build and operate a nitrile latex production plant and related storage tank facilities in Malaysia for the storage of butadiene and acrylonitrile.
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Two foreign companies named "China's Top Employers"
Time of Update: 2022-04-21
David Plink, CEO of Top Employers Research Institute, said: "Companies around the world continued to face challenges last year, and Covestro and Henkel continued to demonstrate their efforts to create a better workplace .
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BASF builds new alkylethanolamine plant
Time of Update: 2022-04-21
Frank Stein, European Regional Business Unit of BASF's Intermediate Products Division, said: "We see continued growth in demand for alkylethanolamines in a wide range of industries such as water treatment, detergents and gas treatment over the next few years .
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Germany plans to achieve 100% renewable energy generation by 2035
Time of Update: 2022-04-21
" Germany will pass a new Renewable Energy Act (EEG) and wants wind and solar power to account for 80 percent of electricity generation by 2030, according to a government draft seen by Reuters .
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Covestro: shouldering social responsibility for a better future
Time of Update: 2022-04-21
As the world's leading polymer manufacturer, Covestro always adheres to the sustainable development policy of "people, environment, profit", and takes more social responsibilities through material expertise in various fields, giving back to society and protecting the earth .
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Who is most willing to spend money on innovation?
Time of Update: 2022-04-21
15 billion euros, ranking 71st; Sumitomo Chemical ranked 117th with R&D investment of 1.
Chinese chemical companies have made rapid progress, with a total of 28 companies entering the world's top 2500 companies in terms of R&D investment .
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BP announces it will sell its stake in Rosneft
Time of Update: 2022-04-21
75% stake in Rosneft, with a direct loss of $25 billion .
In addition, bp chief executive Bernard Looney and former executive Bob Dudley will also resign from Rosneft's board .
Looney has been a director of Rosneft since 2020, while Dudley has been a director since 2013 .
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Honeywell unveils first solution for using hydrogen as fuel
Time of Update: 2022-04-21
Honeywell has announced a range of solutions and services to help end users reduce their carbon footprint by utilizing hydrogen as an alternative fuel in industrial and commercial thermal processing .
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Air Liquide, Shenergy and Shanghai Chemical Industry Park join hands to promote the development of hydrogen energy in Shanghai
Time of Update: 2022-04-21
The hydrogen filling center built in the first phase will use crude hydrogen from the production process of upstream manufacturers in the Shanghai Chemical Industry Park, and the low-carbon hydrogen produced from this will be supplied to customers in the transportation sector in Shanghai and the Yangtze River Delta region through high-pressure pipeline vehicles .
